Sometimes you’ll need to upload digital copies of bills and receipts (in fact, it’s always a good practice to keep this documentation). So rest assured, your personal information is well protected. Your bookkeeper never has access to your actual bank account. How does the Bench software work? During the onboarding process, your account manager will help you sync your bank and merchant accounts so that read-only data imports automatically into your Bench account. The two financial statements that need referencing the most- the income statement and the balance sheet – have their own tabs for easy access. Large charts and graphs make at-a-glance understanding possible. The Bench software is user-friendly and intuitive, even for those who lack financial literacy. The best part of this is that while you can access and review your books at any time, you don’t ever have to. Bench bookkeepers use proprietary bookkeeping software to track your income and expenses. You can access your financial information any time by logging into your account on the Bench website. Related: Full Review of Bench Bookkeeping Bench Features Bench Proprietary Bookkeeping Software Otherwise, Bench takes almost all bookkeeping tasks off of your plate. Sometimes your bookkeeper may reach out to ask you about a transaction. Remember, Bench is almost completely hands-off. At the end of the year, you will receive a Year End Financial Package, which includes all of the data that your CPA will need to file your taxes Over a phone call, your account manager gets to know you and your business so that they can customize your account for accurate expense tracking.Įvery month, your bookkeeping team will send you totally accurate financial statements for you to review. When you enroll with Bench, you are assigned a team of three dedicated bookkeepers, one of whom will be your account manager. Their team has over 100 professional full-time bookkeepers who guide business owners through the ins and outs of their finances. Bench Overviewīench launched in 2013 and is now the largest online bookkeeping service in the United States for small businesses. Both are excellent services, but the purpose of this guide is to help you figure out which is the best choice for your company. We’ll walk you through the pros, cons, and their major differences. In this article, we’ll give an overview of the Bench and QuickBooks Live virtual bookkeeping services. Bench and QuickBooks Live are two virtual bookkeeping services that can do your monthly bookkeeping for a low cost and with high accuracy, so you can spend more time on your business.īench is one of the biggest players in the virtual bookkeeping game, but then QuickBooks launched it’s QuickBooks Live virtual bookkeeping program, which is proving to be strong competition. It’s no secret that bookkeeping can eat up a lot of your time, even if you’re using an automated bookkeeping software like QuickBooks or Wave.
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